Axis Bank posts core income above forecasts, but profit slightly misses estimates
Axis Bank's second-quarter net interest income beat analyst expectations while net profit fell short, according to CNBC-TV18.
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what happened
Mumbai-based private lender Axis Bank reported results for the September quarter. Net interest income, the bank's core earnings, reached 15,372 crore rupees, up 11.8% from a year earlier. A CNBC-TV18 poll had expected 14,970 crore. Net profit came in at 7,003.3 crore rupees against a poll estimate of 7,132 crore, though it rose 37.6% year on year.
Asset quality held steady. Gross non-performing assets fell to 1.16% from 1.28% in June, and net NPAs declined to 0.35% from 0.39%. Provisions dropped to 1,694 crore rupees from 2,223 crore in the June quarter. Shares were little changed ahead of the announcement, ending at 1,290 rupees.
why it matters
The results matter for India's banking sector: strong interest income and lower bad loans support confidence in credit growth, while the weaker profit points to pressure on margins and costs. Investors will watch deposit trends and provision changes in coming quarters.
market impact
Indian banks: stronger interest income and fewer bad loans support the sector
tags
instruments
sources
- Axis Bank Q2 Results: Core Income beats; Asset Quality, slippages better sequentially — cnbctv18.com, 17 October 2026 at 07:36 UTC
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